i have a chit with margadarsi adyar branch , last sep 12 no one bidding , some one called from office and requested we will auction in your account.
next day they sent documents with all nonsense conditions... where i am having another chit in the same branch... total money paid in both chits much higher than what i am going to get in first chit....even after 1 yr i have not rcvd payment inspite my chit subscription is more than 2.5 lacs for both the chits where as first chit payment is less than 1.50...that's too with out any interest for the year delayed.......
seems to be cheated
yield is coming 2% much much less than SB a/c interest....in one of the chit and another chit 7%...
This is what margadarsi
Murali
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